Recently, according to the information, Kumho Tire TBR (Card Car Tire) business may withdraw from the Chinese market.
Previously, Dongyang (Tongouou) tires had heard similar news, but because of its long-term dispute with dealers, there is no further action.
An insider said this is not surprising. He said that the Chinese truck and bus tire market is basically a price, and the end customers are commercial vehicle owners and fleets. Most of the purchase of tires is based on price and price.
According to reports, in the automotive aftermarket, tire prices have even become the only selection criteria for some users.
The above-mentioned insiders analyzed that multinational companies are not very profitable in producing truck and bus tires in China. In terms of price, they obviously cannot beat domestic tire companies. This may be an important reason for some multinational companies to transfer TBR business.
It is understood that at present, Kumho Tire has factories in Tianjin, Changchun and Nanjing. The Nanjing TBR plant was completed and put into operation in 2008 with a total investment of 100 million US dollars. At that time, it planned to produce 300,000 pieces per year.
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